The City of Coppell
File #: 2021-5957    Version: 1 Name: Sales Proceeds
Type: Agenda Item Status: Passed
File created: 10/7/2021 In control: Finance
On agenda: 10/12/2021 Final action: 10/12/2021
Title: Discuss and consider adoption of: (A) a Resolution calling a portion of the City of Coppell, Texas general obligation refunding bonds, series 2015 for redemption prior to maturity; or, (B) a Resolution authorizing the use of proceeds from the sale of bond-financed land for authorized projects; and enacting other provisions relating to the subject; and authorizing the mayor to sign.
Attachments: 1. Use of Land Sale Proceeds Memo.pdf, 2. Redemption of North Lake portion of 2015 Refunding Bonds.pdf, 3. Resolution.pdf

Title

Discuss and consider adoption of: (A) a Resolution calling a portion of the City of Coppell, Texas general obligation refunding bonds, series 2015 for redemption prior to maturity; or, (B) a Resolution authorizing the use of proceeds from the sale of bond-financed land for authorized projects; and enacting other provisions relating to the subject; and authorizing the mayor to sign.

 

Summary

See attached memorandum.

 

Fiscal Impact:

Dependent upon which resolution Council adopts.

 

Staff Recommendation:

The Finance Department recommends approval of Option 2, Use proceeds to redeem the 2015 General Obligation Refunding Bonds.

 

 

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Sustainable Government